Reaching $US 3.9 billion, exporting telephone is slightly go down

Chart of export turnover of the mobile phone in the first 5 months in 2017, calculation units is "billion dollars". Draw by: Thai Binh

Accordingly, in May of 2017, total value of import – export goods is estimated at $US 35.2 billion, increased by 0.9% over the previous month; Total export value is estimated at $US 17.2 billion, reduced by 1.9% and total import value is estimated at $US 18 billion, increased by 3.7%.

Thus, by the end of May 2017, the total import and export value is estimated at $US 161.28 billion, increased by 20.7% over the same period of 2016; In that, the total export value is estimated at $US 79.3 billion, increased by 17.4%; total import value is $US 82 billion, rose by 23.9% over the same period of 2016.

Vietnam's merchandise trade balance in May 2017 was estimated at $US 800 million, equal to 4.7% of export turnover in the month. By the end of May 2017, Vietnam's trade deficit was near $US 2.7 billion, equaling 1.7% of the total export turnover of the country.

Another noteworthy point is that many of Vietnam's key export items are declining in value or have low growth. Remarkably, after 4 months of continuous growth and the export marked of $US 4.4 billion in April last year, in May, the telephone item showed signs of going down.

According to the estimation of the General Department of Customs, the value of exports of telephones and components in May is $US 3.9 billion, declined by 11% compared to the previous month. It is estimated that by the end of May 2017, the value will reach $US 16.05 billion, rise 12% over the same period of 2016.

Besides that, the main groups also recorded relatively low growth rates. For example, garments and textiles are estimated to increase only by 1.4% over the previous month; Computers, electronic products and components increased by 9% over the previous month, while from the beginning of the year to the end of April this group always maintained a double-digit growth rate.